Norway Votes with Labour Party Narrowly Favored to Retain Power

Norway's recent parliamentary election was dominated by concerns over rising living costs and global political turmoil, with the ruling Labour Party, led by Prime Minister Jonas Gahr Stoere, narrowly favored to retain power. The left-wing bloc, consisting of Labour and four smaller parties, is projected to win 88 seats, just above the majority threshold but down from 100 seats in 2021. Key issues influencing voters included inflation, taxes, public service quality, and international conflicts such as the wars in Ukraine and Gaza, alongside the impact of U.S. policies under President Donald Trump. Analysts suggest the geopolitical instability and economic pressures may have benefited Labour, seen as a stable choice in uncertain times. The election outcome could affect Norway's oil and gas policies, its $2 trillion sovereign wealth fund, and power exports to Europe. Final results remain close, with a potential need for smaller left-wing parties to support Labour in forming a coalition government.